Jayhawk Energy, Inc. 4
4 · Jayhawk Energy, Inc. · Filed Sep 29, 2016
Insider Transaction Report
Form 4
MAHONEY SCOTT
Director
Transactions
- Sale
Common Stock
2016-09-22$0.00/sh−118,874,159$59,437→ 203,228,202 total(indirect: By LLC) - Sale
Warrants
2016-09-20$23583.40/sh−94,333,678$2,224,708,861,745→ 203,228,202 total(indirect: By LLC)Exercise: $0.01From: 2015-10-08Exp: 2020-10-08→ Common stock (94,333,678 underlying)
Footnotes (2)
- [F1]Note 1: Vast Exploration, LLC beneficially owns 203,228,202 shares of common stock and pursuant to the terms of certain Convertible Debentures, a Revolving Credit Note, and Warrants held by Vast Exploration, LLC. 115,510,105 of the shares beneficially owned are in the form of convertible debentures that is unavailable for conversion until such time as the Issuer increases its authorized capital, because the Issuer has insufficient authorized capital to honor a conversion of said convertible debentures.
- [F2]Note 1, continued: 52,072,225 of the shares beneficially owned are in the form of a convertible line of credit note that is unavailable for conversion until such time as the Issuer increases its authorized capital, because the Issuer has insufficient authorized capital to honor a conversion of said convertible line of credit note. 39,645,872 of the shares beneficially owned are in the form of a common stock purchase warrant that is unavailable for exercise until such time as the Issuer increases its authorized capital, because the Issuer has insufficient authorized capital to honor an exercise of said common stock purchase warrant.